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No, startups are currently prohibited from selling stock or other securities via crowdfunding sites or social networking sites (such as Twitter or Facebook); they may, however, accept donations. There will also be administrative issues relating to voting and stock transfer issues. May Startups Raise Funds via Crowdfunding?
Lawyer time required (including vesting agreements for founders): 3 to 6 hours. 2. You need (or think you need) a stock option plan: granting stock options (and other forms of equity compensation to employees like restricted stock) should be done under a written equity incentive plan.
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